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GMZ

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Share Name Share Symbol Market Type
TSXV:GMZ TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Global Met Coal Corporation: Black Creek Mine Permit Update

21/02/2013 8:59pm

Marketwired Canada


Global Met Coal Corporation (TSX VENTURE:GMZ)(FRANKFURT:B1H) (the "Company")
announces that excellent progress has been achieved toward obtaining the mining
permit for its Black Creek Coal Mine.


The 450 acre Black Creek property is located in Jefferson County, Alabama, and
once permitted, sales contract discussions can be concluded and production of
metallurgical coal to local customers can commence. The Company is planning to
use contract miners to develop the mine.


Since its submittal in early October 2012, the permit application has
successfully passed through several reviews up to and including the Pre-Issuance
Conference.


Granting of the permit is now conditional upon completing the post-mine
mitigation plan with the Army Corp of Engineers and completing the emergency
water discharge plan.


The Corp of Engineers requires post-mine stream and wetlands mitigation
engineering work. That work is underway and should be ready for submittal by mid
next month.


In regards to the water discharge plan, new regulations are being formulated to
include discharges of arsenic. When the new standard is implemented, our
engineers can then formulate a plan to meet the standard.


The Company's engineers estimate four to eight weeks will be required to
complete the additional work and obtain the mining permit. 


ABOUT GLOBAL

Global Met Coal Corporation is an exploration and development company currently
focusing on the acquisition of advanced stage properties with special emphasis
on metallurgical coal projects. The Company's strategy is to maximize
shareholder value through successful exploration and development.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Global Met Coal Corporation
George Heard
President, CEO & Director
604.632.0085
604.605.0009 (FAX)
gwheard@shaw.ca
www.gmz.ca

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